{"id":31325,"date":"2025-07-09T09:00:26","date_gmt":"2025-07-09T09:00:26","guid":{"rendered":"http:\/\/medexperts.pro\/?p=31325"},"modified":"2025-07-09T09:23:15","modified_gmt":"2025-07-09T09:23:15","slug":"how-crypto-lobbying-won-over-trump","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=31325","title":{"rendered":"How Crypto Lobbying Won Over Trump"},"content":{"rendered":"
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Just over a year ago, while sitting around a table in an ornate meeting room at Mar-a-Lago, David Bailey and a group of top Bitcoin executives made a pitch to Donald J. Trump.<\/p>\n

They were looking for a savior.<\/p>\n

For years, cryptocurrency companies had endured a sweeping crackdown in Washington \u2014 a cascade of lawsuits, regulatory attacks and prosecutions that threatened the industry\u2019s survival.<\/p>\n

Mr. Trump wasn\u2019t an obvious sympathizer. He had once dismissed Bitcoin as a \u201cscam.\u201d But he welcomed the executives into his private club in Florida because the industry had suddenly gotten his attention. Mr. Bailey was mobilizing crypto investors to vote for Mr. Trump and had called on his colleagues<\/a> to raise $100 million for the election effort.<\/p>\n

At Mar-a-Lago, Mr. Bailey brought along representatives of several large Bitcoin mining firms \u2014 an energy-guzzling sector that has drawn noise complaints and environmental concerns. They pitched Mr. Trump on the economic benefits of Bitcoin, before pivoting to a bold request: Could Mr. Trump write a supportive post on his social media site?<\/p>\n<\/div>\n<\/div>\n

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The proposed language was included at the bottom of a bullet-pointed meeting agenda, according to a copy reviewed by The New York Times. Mr. Trump said he would \u201cconsider it,\u201d Mr. Bailey, who runs the digital currency firm BTC Inc., recalled in an interview. \u201cWe had no idea if that was going to happen.\u201d<\/p>\n

That night, Mr. Trump fired off a Truth Social post<\/a> containing the exact message proposed by the executives: \u201cWe want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!\u201d<\/p>\n<\/div>\n<\/div>\n

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Key Players Trying to Sway Trump on Crypto<\/div>\n<\/div>\n
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David Bailey<\/h3>\n

Chief executive of BTC Inc.<\/p>\n<\/div>\n<\/div>\n

\"David<\/p>\n
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David Sacks<\/h3>\n

Silicon Valley venture capitalist and White House crypto czar<\/p>\n<\/div>\n<\/div>\n

\"Brad<\/p>\n
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Brad Garlinghouse<\/h3>\n

Chief executive of Ripple<\/p>\n<\/div>\n<\/div>\n

\"Stuart<\/p>\n
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Stuart Alderoty<\/h3>\n

Chief legal officer of Ripple<\/p>\n<\/div>\n<\/div>\n

\"Charles<\/p>\n
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Charles Hoskinson<\/h3>\n

Founder of Input Output<\/p>\n<\/div>\n<\/div>\n

\"Paul<\/p>\n
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Paul Manafort<\/h3>\n

Former Trump campaign chairman<\/p>\n<\/div>\n<\/div>\n

\"Bill<\/p>\n
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Bill Zanker<\/h3>\n

Longtime Trump business partner<\/p>\n<\/div>\n<\/div>\n

\"Tracy<\/p>\n
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Tracy Hoyos-L\u00f3pez<\/h3>\n

Bitcoin advocate and former prosecutor<\/p>\n<\/div>\n<\/div>\n

\"Brian<\/p>\n
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Brian Ballard<\/h3>\n

Major Trump-fundraiser and lobbyist<\/p>\n<\/div>\n<\/div>\n

\"Reince<\/p>\n
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Reince Priebus<\/h3>\n

Former White House chief of staff<\/p>\n<\/div>\n<\/div>\n

\"Eric<\/p>\n
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Eric Trump<\/h3>\n

The president\u2019s middle son<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n

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Just over a year ago, while sitting around a table in an ornate meeting room at Mar-a-Lago, David Bailey and a group of top Bitcoin executives made a pitch to Donald J. Trump.They were looking for a savior.For years, cryptocurrency companies had endured a sweeping crackdown in Washington \u2014 a cascade of lawsuits, regulatory attacks and prosecutions that threatened the industry\u2019s survival.Mr. Trump wasn\u2019t an obvious sympathizer. He had once dismissed Bitcoin as a \u201cscam.\u201d But he welcomed the executives into his private club in Florida because the industry had suddenly gotten his attention. Mr. Bailey was mobilizing crypto investors to vote for Mr. Trump and had called on his colleagues to raise $100 million for the election effort.At Mar-a-Lago, Mr. Bailey brought along representatives of several large Bitcoin mining firms \u2014 an energy-guzzling sector that has drawn noise complaints and environmental concerns. They pitched Mr. Trump on the economic benefits of Bitcoin, before pivoting to a bold request: Could Mr. Trump write a supportive post on his social media site?The proposed language was included at the bottom of a bullet-pointed meeting agenda, according to a copy reviewed by The New York Times. Mr. Trump said he would \u201cconsider it,\u201d Mr. Bailey, who runs the digital currency firm BTC Inc., recalled in an interview. \u201cWe had no idea if that was going to happen.\u201dThat night, Mr. Trump fired off a Truth Social post containing the exact message proposed by the executives: \u201cWe want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!\u201d<\/p>\n

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(min-width:740px){.css-wwq616{font-size:1rem;line-height:1rem;}}.css-1qudybh{font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:0.8125rem;line-height:1rem;font-weight:500;color:var(–color-content-tertiary,#5A5A5A);font-size:0.9375rem;line-height:1.25rem;}@media (min-width:740px){.css-1qudybh{font-size:0.875rem;line-height:1.125rem;}}.nytapp-vi-homepage .css-1qudybh,.NYTApp #programming-list .css-1qudybh{font-size:0.9375rem;line-height:1.1875rem;display:block;margin-top:2px;}@media (min-width:740px){.nytapp-vi-homepage .css-1qudybh,.NYTApp #programming-list .css-1qudybh{font-size:0.875rem;line-height:1.1875rem;}}@media (min-width:740px){.css-1qudybh{font-size:0.9375rem;line-height:1.25rem;}}.css-89khpe{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;padding-bottom:20px;color:var(–color-content-secondary,#363636);padding-bottom:10px;}Key Players Trying to Sway Trump on CryptoDavid BaileyChief executive of BTC Inc.David SacksSilicon Valley venture capitalist and White House crypto czarBrad GarlinghouseChief executive of RippleStuart AlderotyChief legal officer of RippleCharles HoskinsonFounder of Input OutputPaul ManafortFormer Trump campaign chairmanBill ZankerLongtime Trump business partnerTracy Hoyos-L\u00f3pezBitcoin advocate and former prosecutorBrian BallardMajor Trump-fundraiser and lobbyistReince PriebusFormer White House chief of staffEric TrumpThe president\u2019s middle sonWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. 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